By Reuters Staff
2 Min Read
KUALA LUMPUR (Reuters) - Shares in AirAsia Group Bhd fell in morning trade on Tuesday, as analysts lowered earnings forecasts after the Malaysian budget airline group posted its record quarterly loss.
FILE PHOTO: Airasia planes are seen parked at Kuala Lumpur International Airport 2, amid the coronavirus disease (COVID-19) outbreak in Sepang, Malaysia October 6, 2020. REUTERS/Lim Huey Teng
The stock fell as much as 6.2% in the first half session of trade.
Affin Hwang Capital cut earnings forecasts for 2021 and 2022, expecting a larger net loss this year due to lockdowns in Malaysia in the first quarter, closed borders and longer-than-expected timeframe for the COVID-19 immunisation programme.
By Reuters Staff
2 Min Read
PARIS (Reuters) - Shares in French IT consulting firm Atos fell sharply on Thursday after the company disclosed that auditors had found accounting errors at two of the firm’s U.S. units.
FILE PHOTO: People walk in front of Atos company s logo during a presentation of the new Bull sequana supercomputer in Paris, France, April 12, 2016. REUTERS/Philippe Wojazer
Atos shares were down 18% in early trading on the Paris bourse, then recovered some ground and were trading down 13.8 % at 0805 GMT. Citi downgraded its outlook on the stock to neutral, citing the accounting issues.
The entities affected were Atos IT Solutions and Services Inc., and Atos IT Outsourcing Services LLC, which between them represent about 11% of Atos’s consolidated turnover, Atos said in a statement.
Credit Suisse shares edged higher on Thursday, ending a losing streak in which they shed close to a fifth of their value, though the lender is yet disclose how much it lost in trades for stricken U.S. fund Archegos.
Credit Suisse plans to return more cash this month and recover more assets for investors in supply chain finance funds linked to insolvent finance firm Greensill, the Swiss bank said, aiming to limit damage from risk-management failures.
Shares of online learning platform Coursera Inc surged on Wednesday on their first day of trading on the New York Stock Exchange, with investors eager to get into the red-hot sector pushing them 36% above the initial public offering price.